Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000.

“The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of the economy, ultra-low borrowing costs and the enhanced use of technology for virtual open houses and showings fuelled and sustained the housing market recovery,” said Lisa Patel, Toronto Regional Real Estate Board (TRREB) President.

Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. Our Members made 10,563 sales as reported through the Toronto Regional Real Estate Board’s MLS® System in October 2020. This was up by 25.1 per cent compared to 8,445 transactions in October 2019.

Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared to June 2019.

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Market Watch | April 2019 | Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018.

Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB's MLS® System in October 2018. Greater Toronto Area REALTORS® reported 7,492 sales through TREB's MLS® System in October 2018 – a six per cent increase compared to October 2017. On a preliminary seasonally adjusted basis, sales were down by one per cent compared to September 2018.

While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. There have been many news articles about the slowdown of the Toronto housing market, and many industry prognosticators are predicting a crash. While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. This is more likely just a temporary pause, and here are five reasons why prices and activity in the housing market will soon bounce back and continue to climb.

Fewer homes for sale and growing demand means upward pressure on prices, once again. The Toronto Real Estate Board says the housing market is becoming "tighter" as the number of new listings across the Greater Toronto Area dropped in September, while home sale prices climbed compared with a year ago.

The price of a new construction single-family home fell 7.1 per cent — about $85,000 — year over year in September to $1.1 million on average. Condo prices, meanwhile, have continued to climb — up 19.4 per cent to $789,643 — an increase of $128,455 in a year.

Rising rents across Toronto led to record-breaking sales for multi-residential apartment buildings in the third quarter, according to a report released Friday by commercial real estate firm Avison Young Canada Inc.

Demand for other commercial real estate assets continued to outstrip supply, the report said. Investors racked up more than $4 billion worth of deals in the third quarter

Renting a condo in Toronto keeps getting more expensive.

The average monthly rent for a condo in the city jumped 7.6 percent in the third quarter from a year ago to a record high C$2,385 ($1,829), according to Urbanation Inc. While the number of new condo rental leases signed grew slightly in the third quarter from last year to 8,186, the market still remains exceptionally tight. Average lease prices in purpose-built rental buildings completed since 2005 in Toronto surged 17 percent to C$3.09 per square foot as higher-rent properties were completed in the past year.

There’s a subtle shift under way in the Greater Toronto Area’s presale condominium market in 2018: As developers are launching fewer towering projects designed to woo investors, they are finding there’s still a strong market for people looking to pay a little more money for a larger, family-friendly unit in neighbourhoods outside the downtown core.

With 50 Scollard, the developer set out to build something for the ages.

At this point in the architecture history of downtown Toronto, with each new building aspiring to outshine what came before, it’s not easy to build something iconic.

But when Lanterra Developments, the company behind much-praised projects like Ice Condominiums at York Centre, The Brit Residences at Bay and Wellesley and One Bedford, acquired 50 Scollard Street, they knew they had all the ingredients to make something special. The prime Yorkville location, at the corner of Bay and Scollard across from the Peter Clewes-designed Four Seasons Hotel and Residences Toronto, certainly demanded excellence and elegance.

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Vienna has ended Melbourne’s seven-year reign as the world’s most liveable city, according to the Economist Intelligence Unit.

The Austrian capital scored a near perfect score of 99.1 out of 100 in the index, whose criteria include stability, healthcare and the environment. Cities in Australia and Canada took six of the top 10 spots, with the U.S. again missing out.

Larry Page’s ‘city of the future’ on Toronto’s waterfront may end up having one foot rooted firmly in the past.

Sidewalk Labs LLC, the urban innovation unit of Alphabet Inc., is considering constructing buildings in the 4.9-hectare (12-acre) high-tech community entirely with tall-timber technology -- engineered wood products that proponents say are as strong and fire-resistant as those made from steel or concrete. 

“Home sales result in substantial spin-off benefits to the economy, so the positive results over the last two months are encouraging. However, no one will argue that housing supply remains an issue. The new provincial government and candidates for the upcoming municipal elections need to concentrate on policies focused on enhancing the supply of housing and reducing the upfront tax burden represented by land transfer taxes, province-wide and additionally in the City of Toronto,”

 Toronto Real Estate Board President Garry Bhaura, in his first market release as TREB President, is pleased to announce some positive signs with respect to the housing market.

Greater Toronto Area REALTORS® reported 8,082 home sales through TREB's MLS® System in June 2018 – up 2.4 per cent compared to the low June 2017 result. After preliminary seasonal adjustment, sales were also up 17.6 per cent on a monthly basis between May 2018 and June 2018, continuing the trend of somewhat volatile month-over-month changes over the past year as
home buyers reacted to various policy changes impacting the market.

Toronto, Canada’s largest city and one of the world’s hottest property markets, has a supply problem and the nation’s housing agency admits it is not quite sure why soaring prices have not spurred more construction.

New homes replace demolished ones at a sharply lower rate than early this decade, completion times for multi-family projects have doubled and prospective buyers have far fewer new homes to choose from than only a few years ago.

The reason, in part, may lie in an ambitious growth plan for the greater Toronto area the Ontario province forged over a decade ago.

With their endless amenities, ultramodern finishes, panoramic views, and trendy locales, today’s condos offer extensive value to the discerning buyer. Yet streamlining a space can help elevate a condo even further, and these design tips squeeze every drop out of square footage, without compromising on luxury to help you maximize your condo space.